California Unemployment Hits 11.6%
It’s the top story on the LA Times website, and it’s damn depressing:
California’s unemployment rate leveled off at a post-World War II record high of 11.6% in June, but the state’s economy still shed another 66,500 jobs during the month.
Unemployment in the state was far higher than the current 9.5% national rate and ranked sixth in the country after Michigan, Rhode Island, Oregon, South Carolina and Nevada. Sixteen states reported rates last month of 10% or more.
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